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>>Gold surged to a record high above $4,150 per ounce as traders anticipated upcoming Federal Reserve rate cuts.

Gold surged to a record high above $4,150 per ounce as traders anticipated upcoming Federal Reserve rate cuts.

crypthub

about 17 hours ago

Market Rebound After Tariff Uncertainty

The S&P 500 and Nasdaq surged 1.6% and 2.3%, respectively, following U.S. President Trump’s softened stance on tariffs with China. Gold hit a record $4,151 per ounce, driven by expectations of lower interest rates and central bank demand. Trump’s initial remarks had erased $2 trillion in market value, but his revised comments eased panic.

Tech Sector Leads Recovery

Tech stocks rebounded sharply, with Broadcom up 10% after an OpenAI partnership and Oracle rising over 5%. The Nasdaq outperformed major indices, while small-cap Russell 2000 gained 2.5%. Despite optimism, trade tensions with China remain a risk for tech firms reliant on rare earths.

Gold, Silver, and Crypto Market Volatility

Gold and silver rallied as traders bet on Federal Reserve rate cuts, with gold expected to hit $5,000 by 2026. Silver spiked 3.44% to a record $52. Meanwhile, Bitcoin steadied above $115,000 after a $19 billion liquidation event linked to a flawed offshore exchange and macroeconomic shocks.